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Vikki [24]
3 years ago
5

Ryan estimates that he drove approximately 1,300 miles on business trips, but he can only provide written documentation of the b

usiness purpose for trips totaling 820 miles. what business expense amount can ryan deduct (if any) for these trips?
Business
1 answer:
Vanyuwa [196]3 years ago
7 0

Answer: The correct answer is the IRS deductible rate for 820 miles.

Explanation: In order to claim an item as a business expense you need to have documentation for the expense. In the case of mileage, there needs to be documentation for the trip. The amount that Ryan can write off is the IRS deductible amount per mile, which is .58 per mile in 2019 for 820 miles. This amount for 2019 is $475.60.

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Reston had income of $204 million and average invested assets of $1,990 million. Its return on assets is?
victus00 [196]

Its return on assets is 0.1025.

Given,

Income = $204 million

Average invested assets = $1,990 million

Return on assets = Net income / total assets

= $204 million / 1,990 million

=0.1025

Therefore, Return on asset is 0.1025.

Return on assets (ROA) is a measure of how efficiently a company uses the assets it owns to generate profits. Analysts, managers, and investors use Return on assets to evaluate a company's financial health.

Net income is what the business has left over after all its expenses, including salary and wages, cost of the goods or raw material and taxes.

To learn more about Return on assets here:

brainly.com/question/14969411

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5 0
1 year ago
If Melissa decides to sell the best ice cream on earth, and intends to establish a strong ethical climate in her organization, d
vekshin1

Answer:

planning stage of marketing cycle                              

Explanation:

The planning stage is that when the operation proposals are recorded, the project deliver-ability and specifications are determined, and the timetable for the program is set. It means creating a set of policies to help direct your team through the stages of project application and completion.

To put it another way, project preparation applies to all you do to set up your project for success. It's the phase you're going through to determine the steps needed to establish your project priorities, describe the scope of what needs to be done and build the task list to do that.

8 0
4 years ago
A firm is a pure monopoly when: Group of answer choices there are only a few other very large firms selling similar products. it
Verdich [7]

Answer: it is the only seller of a unique product and barriers to entry prevent other sellers from entering the market in the long run.

Explanation:

A pure monopoly is referred to as a single supplier of a particular product in an industry. In such market, there no no substitute exists and such firms usually have a large market share.

They are price makers, profit maximizer, discriminate on prices and have a high barriers to entry. Due to their economies of scale, they prevent other sellers from entering the market in the long run.

4 0
3 years ago
Operating leverage is a measure of how sensitive ______ is to a given percentage change in sales dollars.
Alex777 [14]

Answer: net operating income

Explanation:

5 0
1 year ago
Mauricio has decided to use a project management tool for this project. He wants the tool to be free and cloud-based so that the
Anvisha [2.4K]

Answer:

a) Apptivo

Explanation:

Apptivo is a cloud-based suite of applications designed to help small businesses manage a range of functions including financials, human resources and supply chain management.

Apptivo’s customer relationship management (CRM) applications provide modules for contact management, lead management, opportunity management and customer service ticket management. Marketing applications include campaign management, lead segmentation and loyalty management. Businesses can select necessary applications and omit applications they do not need.

7 0
3 years ago
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